WallStSmart

Nexxen International Ltd (NEXN)vsSpotify Technology SA (SPOT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Spotify Technology SA generates 4611% more annual revenue ($17.19B vs $364.78M). SPOT leads profitability with a 12.9% profit margin vs 6.9%. NEXN appears more attractively valued with a PEG of 0.44. SPOT earns a higher WallStSmart Score of 60/100 (C+).

NEXN

Buy

53

out of 100

Grade: C-

Growth: 2.7Profit: 4.5Value: 9.3Quality: 5.0

SPOT

Buy

60

out of 100

Grade: C+

Growth: 8.0Profit: 8.0Value: 3.3Quality: 7.5
Piotroski: 4/9Altman Z: 2.66
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NEXNUndervalued (+42.1%)

Margin of Safety

+42.1%

Fair Value

$10.57

Current Price

$7.34

$3.23 discount

UndervaluedFair: $10.57Overvalued
SPOTSignificantly Overvalued (-47.4%)

Margin of Safety

-47.4%

Fair Value

$330.58

Current Price

$443.57

$112.99 premium

UndervaluedFair: $330.58Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NEXN3 strengths · Avg: 9.3/10
PEG RatioValuation
0.4410/10

Growing faster than its price suggests

Price/BookValuation
0.9x10/10

Reasonable price relative to book value

P/E RatioValuation
17.6x8/10

Attractively priced relative to earnings

SPOT4 strengths · Avg: 9.5/10
Return on EquityProfitability
31.9%10/10

Every $100 of equity generates 32 in profit

EPS GrowthGrowth
213.9%10/10

Earnings expanding 213.9% YoY

Market CapQuality
$106.65B9/10

Large-cap with strong market position

Debt/EquityHealth
0.289/10

Conservative balance sheet, low leverage

Areas to Watch

NEXN4 concerns · Avg: 2.8/10
Market CapQuality
$402.86M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
5.0%3/10

ROE of 5.0% — below average capital efficiency

Profit MarginProfitability
6.9%3/10

6.9% margin — thin

Revenue GrowthGrowth
-10.3%2/10

Revenue declined 10.3%

SPOT3 concerns · Avg: 3.3/10
PEG RatioValuation
2.174/10

Expensive relative to growth rate

Price/BookValuation
9.3x4/10

Trading at 9.3x book value

P/E RatioValuation
42.2x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : NEXN

The strongest argument for NEXN centers on PEG Ratio, Price/Book, P/E Ratio. PEG of 0.44 suggests the stock is reasonably priced for its growth.

Bull Case : SPOT

The strongest argument for SPOT centers on Return on Equity, EPS Growth, Market Cap.

Bear Case : NEXN

The primary concerns for NEXN are Market Cap, Return on Equity, Profit Margin.

Bear Case : SPOT

The primary concerns for SPOT are PEG Ratio, Price/Book, P/E Ratio. A P/E of 42.2x leaves little room for execution misses.

Key Dynamics to Monitor

SPOT carries more volatility with a beta of 1.70 — expect wider price swings.

SPOT is growing revenue faster at 6.8% — sustainability is the question.

SPOT generates stronger free cash flow (834M), providing more financial flexibility.

Monitor ADVERTISING AGENCIES industry trends, competitive dynamics, and regulatory changes.

Bottom Line

SPOT scores higher overall (60/100 vs 53/100). NEXN offers better value entry with a 42.1% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Nexxen International Ltd

COMMUNICATION SERVICES · ADVERTISING AGENCIES · USA

Nexxen International Ltd. provides end-to-end software platform that enables advertisers to reach relevant audiences and publishers. The company is headquartered in Tel Aviv-Yafo, Israel.

Spotify Technology SA

COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION · USA

Spotify Technology SA, provides audio streaming services worldwide. The company is headquartered in Luxembourg, Luxembourg.

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